Insight Inv LLC cut its holdings in Graham Holdings Company (NYSE:GHC – Free Report) by 3.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,626 shares of the company’s stock after selling 92 shares during the period. Graham makes up approximately 1.7% of Insight Inv LLC’s investment portfolio, making the stock its 21st largest position. Insight Inv LLC owned about 0.06% of Graham worth $2,485,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of GHC. Spire Wealth Management grew its stake in shares of Graham by 333.3% in the first quarter. Spire Wealth Management now owns 26 shares of the company’s stock valued at $25,000 after acquiring an additional 20 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Graham by 68.8% in the second quarter. UMB Bank n.a. now owns 27 shares of the company’s stock valued at $26,000 after acquiring an additional 11 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Graham by 55.0% in the second quarter. GAMMA Investing LLC now owns 31 shares of the company’s stock valued at $29,000 after acquiring an additional 11 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Graham by 216.7% in the first quarter. Nisa Investment Advisors LLC now owns 38 shares of the company’s stock valued at $37,000 after acquiring an additional 26 shares in the last quarter. Finally, CWM LLC grew its stake in shares of Graham by 100.0% in the first quarter. CWM LLC now owns 42 shares of the company’s stock valued at $40,000 after acquiring an additional 21 shares in the last quarter. 93.16% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a “buy (a-)” rating on shares of Graham in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.
Graham Trading Down 0.6%
GHC opened at $1,090.19 on Thursday. The company’s 50 day moving average is $1,095.53 and its 200-day moving average is $992.06. Graham Holdings Company has a 1-year low of $770.06 and a 1-year high of $1,200.00. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.07. The company has a market cap of $4.75 billion, a P/E ratio of 7.00 and a beta of 0.88.
Graham (NYSE:GHC – Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $14.33 earnings per share for the quarter, beating analysts’ consensus estimates of $10.15 by $4.18. Graham had a net margin of 14.10% and a return on equity of 6.79%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.18 billion.
Graham Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Thursday, October 16th will be issued a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, October 16th. Graham’s dividend payout ratio (DPR) is 4.62%.
Graham Company Profile
Graham Holdings Company, through its subsidiaries, operates as a diversified education and media company in the United States and internationally. It provides test preparation services and materials; professional training and exam preparation for professional certifications and licensures; and non-academic operations support services to the Purdue University Global; operations support services for online courses and programs; training and test preparation services for accounting and financial services professionals; English-language training, academic preparation programs, and test preparation for English proficiency exams; and A-level examination preparation services, as well as operates colleges, business school, higher education institution, and an online learning institution.
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